The decision to cancel the development boiled down to simple economics, the Malaysian energy giant says.
Agreements are tied to the project proceeding, include the transfer of about 3,000 hectares of land and almost $145 million.
Two First Nations and an environmental group have filed separate applications for judicial review on Oct. 27.
Federal go-ahead comes with 190 legally binding conditions attached.
Deadline for a decision on the Petronas-led project on BC’s north coast is Oct. 2.
Briefing note from labour ministry suggests Canadians will be first in line for LNG jobs.
Federal changes will likely include tests to determine impacts on GHG emissions.
Environmental approvals, permits and First Nations support is falling into place for up to 20 LNG projects in BC.
Expert suggests drilling activity in BC will increase five-fold by 2020 – up to 2,100 wells per year.
Province’s law provides Pacific NorthWest LNG with 25-year assurances specific to LNG-related income.
Province’s finance minister says the facility will create up to 4,500 jobs and generate about $9 billion in revenues over a decade.
International Energy Agency predicts Canada won’t have any LNG export projects online by 2020.
LNG plant in BC’s northwest could be worth up to $36 billion.
Residents have concerns over the project’s environmental impact and that it’s too close to critical salmon habitat.
The BC LNG Developers Alliance wants planned gas terminals treated as manufacturing operations to gain tax concessions.